sunny
Short

short GBP/JPY

FX:GBPJPY   British Pound/Japanese Yen
84 4 0
Your comments please. The recent consolidation in the JPY crosses have lead to the USD & EUR breaking a bit higher. The GBP, however, has held below resistance line seen on the 4hr and daily chart .

Does this need a catalyst to break above or fall below the recent channel. Since its near the top, take some shorts and use a stop.

Your comments welcome please.
yep. missed my last buy order for this one and GBP/CHF...
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There was a wedge formation for those 10 bars, with indicators showing slowing strength - this could have gone either direction.. though will be seen if it punches through resistance @ 152 in next 24hours :)
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sunny failathon
thanks, please check back tomorrow and give me your opinion again. feel free to check my other ideas too.
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Got some good pips out of this, but she hasn't bounced off 151.753 yet... :S
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